Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2025

Reporting Standard SRS 552.0 Securities Subject to Repurchase and Resale and Securities Lending and Borrowing

Financial Sector (Collection of Data) Act 2001

I, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act), determine Reporting Standard SRS 552.0 Securities Subject to Repurchase and Resale and Securities Lending and Borrowing, in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 3 of that reporting standard.

Under section 15 of the Act, I declare that Reporting Standard SRS 552.0 Securities Subject to Repurchase and Resale and Securities Lending and Borrowing shall begin to apply to those financial sector entities at the start of the day after the day this instrument is registered on the Federal Register of Legislation.

This instrument commences at the start of the day after the day it is registered on the Federal Register of Legislation.

Dated: 30 April 2025

Andrew Robertson

Chief Data Officer

Technology and Data Division

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislation means the register established and maintained under section 15A of the Legislation Act 2003.

financial sector entity means financial sector entities of a kind referred to in paragraphs 5(2)(a) to (d) of the Act.

Schedule

Reporting Standard SRS 552.0 Securities Subject to Repurchase and Resale and Securities Lending and Borrowing comprises the document commencing on the following page.

Reporting Standard SRS 552.0

Securities Subject to Repurchase and Resale and Securities Lending and Borrowing

Objective of this reporting standard

Authority

1.             This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

2.             Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It is also required for the purposes of the Australian Bureau of Statistics for compilation of the Australian National Accounts and other publications, and may also be used by the Australian Securities and Investments Commission.

Application

3.             This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[1].

Commencement

4.             This Reporting Standard commences at the start of the day after the day it is registered on the Federal Register of Legislation.

Reporting periods

5.             The RSE licensee must provide the information required under this Reporting Standard for the reporting periods, by the due dates, set out in the table below:

Notices

6.             If, having regard to the particular circumstances of an RSE, defined benefit RSE or PST, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE or PST.

7.             Where APRA has changed the reporting periods under paragraph 6 the RSE licensee must provide the relevant information within the time specified by the notice in writing.

8.             APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or PSTs within its business operations, in which case the new due date for the provision of the information will be the due date specified on the notice of extension.

Note: For the avoidance of doubt, APRA’s expectation is that if the due date for a particular reporting period falls on a day other than a usual business day, an RSE licensee will submit the information required no later than the due date.

Form and method of submission

9.             The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.

Quality control

10.         The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or PST to which the information relates[2]. This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:

1.           an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and
2.           at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard SPS 310 Audit and Related Matters (SPS 310).

11.         All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.

Authorisation

12.         When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or must digitally sign the relevant information using a digital certificate acceptable to APRA.

13.         If the information required by this Reporting Standard is provided by an agent who submits the information on the RSE licensee’s behalf, the RSE licensee must:

1.           obtain from the agent a copy of the completed form with the information provided to APRA; and
2.           retain the completed copy.

14.         An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or on behalf of, the RSE licensee must be authorised by either:

1.           the Chief Executive Officer of the RSE licensee; or
2.           the Chief Financial Officer of the RSE licensee.

Minor alterations to forms and instructions

15.         APRA may make minor variations to:

1.           a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or

1.           the instructions to a form, to clarify their application to the form,

without changing any substantive requirement in the form or instructions.

16.         If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.

Interpretation

17.         In this Reporting Standard:

APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.

Chief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[3].

Chief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called.

defined benefit RSE has the meaning of defined benefit fund in subsection 10(1) of the SIS Act.

due date means the relevant due date under paragraph 5, 7, or, if applicable, paragraph 8 of this Reporting Standard.

Investment option has the meaning given in SRS 101.0.

MySuper product has the meaning given in subsection 10(1) of the SIS Act.

reporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 6 of this Reporting Standard.

RSE means a registrable superannuation entity as defined in subsection 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, small APRA fund or single member approved deposit fund[4].

RSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard.

RSE licensee has the meaning given in subsection 10(1) of the SIS Act.

SIS Act means Superannuation Industry (Supervision) Act 1993.

SRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.

Pooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.

18.         In this Reporting Standard, unless an instrument is not disallowable or a contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.

Reporting Form SRF 552.0

Securities Subject to Repurchase and Resale and Securities Lending and Borrowing

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form SRF 552.0 Securities Subject to Repurchase and Resale and Securities Lending and Borrowing (SRF 552.0). This form collects information relating to securities subject to repurchase and resale and securities lending and borrowing of RSEs.

General directions and notes

Reporting level

SRF 552.0 must be completed for each RSE, defined benefit RSE and pooled superannuation trust (PST).

Reporting tables

Tables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set.  Constraints on the data that can be reported for each field have also been provided.

The Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.

Reporting basis and unit of measurement

All items on SRF 552.0 are required for Australia's National Accounts, which is based on the international standard, the System of National Accounts 2008 (SNA 2008) including the definition of market price. For debt securities, the market price is the traded price quoted on the reference date. If the traded price does not take account of interest accrued up to the ex-coupon date but not yet payable, this interest accrued is to be included.

Items on SRF 552.0 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.

Amounts in SRF 552.0 are to be reported as whole dollars.

Items on SRF 552.0 are to be reported on a gross basis except where otherwise indicated.

Items on SRF 552.0 are to be reported on a non-look through basis, except in respect of exclusively held internal trusts or wholly-owned investment (non-trading) subsidiaries. A look through basis is where information about the underlying investments in an investment vehicle must be reported.

Items on SRF 552.0 are to be reported on an unconsolidated basis except where otherwise indicated. Only assets held in internal trusts or wholly-owned investment (non-trading) subsidiaries are to be consolidated into the appropriate asset class. In national accounting, consolidation refers to the elimination of transactions which occur between two transactors belonging to the same institutional sector or subsector. In a commercial accounting sense, this process is applied to entities where a parent/subsidiary relationship exists.

Where repurchase or resale agreements involve different types of security, i.e. various types of securities as collaterals, report the repurchase or resale agreements separately and do not net against each other, even when contracted with the same counterparty.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).

Specific instructions

Report information about all securities purchased and sold under agreements to resale and repurchase, and all securities borrowed and lent.

Table 1: Securities Subject to Repurchase and Resale and Securities Lending and Borrowing

Report data as at the end of the reporting period.

Instructions

Report information about securities purchased under agreements to resell and securities borrowed and securities sold under agreements to repurchase and securities lent.

Table 2: Securities Subject to Repurchase and Resale and Securities Lending and Borrowing (Collateral)

Report data as at the end of the reporting period.

Instructions

Report the collateral posted or collected in relation to securities purchased under agreements to resell and securities borrowed and securities sold under agreements to repurchase and securities lent.

Table 3: Securities Lending Program

Instructions

Report information about the securities lending program.

Report each securities lending program as a separate line. If a securities lending program is contracted with an intermediary institution but there is no current amount loaned out, report the Amount Currently Loaned as blank.

Table 4: Securities Lending Program (Collateral)

Instructions

Report information about collateral collected in relation to the securities on loan in each securities lending program. Each securities lending program should be reported as a separate line.

Table 5: Reinvestment Of Cash Collateral From Securities Lending

Instructions

Report information about the cash collateral reinvested.

Appendix A – Counterparty and Issuer Type

List of Counterparty Sector Type, Instrument Issuer Type and Collateral Issuer Type

[1] For the purposes of this Reporting Standard, an RSE licensee’s ‘business operations’ includes all activities it conducts as an RSE licensee (including the activities of each RSE of which it is the licensee), and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee. For the avoidance of doubt, if the RSE licensee is trustee of more than one RSE, defined benefit RSE or pooled superannuation trust (PST), the RSE licensee must separately provide the information required by this Reporting Standard for each RSE, defined benefit RSE or PST within its business operations. An RSE licensee that does not have any RSEs, defined benefit RSEs or PSTs within its business operations is not required to provide information under this Reporting Standard.

[2] Refer also to Prudential Standard SPS 310 Audit and Related Matters (SPS 310).

[3] Refer to Prudential Standard SPS 510 Governance.

[4] For the purposes of this Reporting Standard, ‘pooled superannuation trust’ has the meaning given in subsection 10(1) of the SIS Act, ‘small APRA fund’ means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which no more than six members and ‘single member approved deposit fund’ means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, which has only one member.